RFID Market

Zebra Technologies (US) and Avery Dennison (US) are leading players in RFID Market

The RFID market is projected to reach USD 35.6 billion by 2030 from USD 14.5 billion in 2022; it is expected to grow at a CAGR of 11.9% from 2022 to 2030.

RFID technology is a modern solution for industrial and consumer applications due to the increasing adoption of information technologies. An RFID solution involves a label or tag and a reader to communicate with the tags. The availability of handheld readers or sled readers has enhanced the capabilities of RFID solutions, as they help track the asset more conveniently at a low cost. The RFID tag technology has evolved from reading from a close distance to more than 100 meters, i.e., active frequency tags. Active frequency tags are not only used to track standalone assets but also to track moving assets and personnel in real time. These tags are now being widely used in industries such as transportation, logistics and supply chain, retail, defense, etc., to track assets in real time. With technological advancements and innovations, the passive ultra-high frequency has been further segmented into a new band (860 to 960 MHz), called RAIN RFID. The adoption of RAIN RFID has increased multifold to reach many suppliers in the ecosystem. It is currently the most adopted RFID frequency globally. Advancements in RFID technology and pricing competitiveness have enabled the suppliers of RFID-based solutions to adopt hybrid technology. The installation of RFID technology as a standalone solution incurs high CAPEX for large area installation. Therefore, companies are integrating RFID with the existing communication technologies of end users to reduce the initial investments and increase their market penetration. Currently, RFID solutions not only provide the data of assets but also enable the analysis of such data to understand the lifecycle management, production cycle, customer analysis, predictive maintenance, etc., in respective industries.

The prominent players operating in the RFID market are Zebra Technologies (US), Alien Technology (US), CAEN RFID (Italy), Impinj (US), Avery Dennison (US), Honeywell (US), NXP Semiconductors (Netherlands), GAO RFID (Canada), HID Global (US), Invengo (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Ltd. (India), Bartech Data Systems Pvt. Ltd., Bar Code India Ltd. (BCI) (India), ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), Securitag Assembly Group (SAG) (Taiwan), Linxens (France), Checkpoint Systems (US), Identiv (US), Confidex (Finland), Datalogic (Italy), Nedap (Netherlands), ThingMagic (Jadak Company) (US), and Omni-ID (US).

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Top 2 Players in RFID market:

Avery Dennison

Avery Dennison (US) provides RFID-enabled solutions, mainly for the apparel and retail industries. The company’s product portfolio includes UHF RFID inlays, HF RFID inlays, and near-field communication (NFC) RFID inlays. The company has three main business segments: Label & Graphic Materials, Retail Branding & Information Solutions, and Industrial & Healthcare Materials.

The Retail Branding and Information Solutions (RBIS) segment offers branding solutions, including creative services, brand embellishments, graphic tickets, RFID inlays, tags, and labels; and packaging solutions, which the company markets to retailers, apparel manufacturers, and brand owners. The RBIS information solutions include item-level RFID solutions; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions.

The company has more than 180 manufacturing and distribution facilities. It offers its services in more than 50 countries globally. It acquired Smartrac, a Netherlands-based inlay manufacturing firm, in 2020, thus expanding its portfolio of RFID solutions.

Zebra Technologies

Zebra Technologies acquired the Enterprise business of Motorola Solutions for USD 3.45 billion in October 2014 and now operates through two business segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The Asset Intelligence & Tracking segment deals in barcode scanners and imagers, printers, location solutions, printing supplies, and related services. The company caters to its customers in the RFID market through this segment. It majorly serves the healthcare, retail, manufacturing, hospitality, and transportation, and logistics industries.

The company’s RFID solutions are equipped with active and passive RFID tags, beacons, and other tracking devices to locate, track, manage, and optimize high-value assets, equipment, and people. The company offers a range of scalable RFID technologies that generate precise, on-demand information about the physical location and status of high-value assets. Zebra Technologies also offers an extensive portfolio of marking, tracking, and printing technologies that include barcodes, RFID, and sensors. These solutions capture physical events in a digital form to give operational events a virtual voice, thereby enabling organizations to track the location, timing, and accuracy of events occurring throughout their value chain.

The company has a wide geographic presence, with representatives in North America, Europe, Asia Pacific, the Middle East, Africa, and South America. It offers products and services in approximately 180 countries. The company has received numerous contracts from different industries and has collaborated with several industry players worldwide to promote its RFID offerings for diverse applications.

Related Reports:

RFID Market by Offering (Tags, Readers, Software & Services), Tag Type (Passive, Active), Wafer Size, Frequency, Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band), Material, Application & Region - Global Forecast to 2030

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441
[email protected]

RFID Market Size,  Share & Growth Report
Report Code
SE 1663
RI Published ON
6/22/2022
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